Czech ruling coalition to lower rate of planned digital tax
Photo by Tomasz Warszewski / Shutterstock.com
The council of the current ruling coalition of the ANO party and the Social Democrats has agreed to lower the rate of the planned digital tax to 5%, reports the Czech Radio. Originally the plan was for the tax to be 7%.
Photo by Tomasz Warszewski / Shutterstock.com
If passed by Parliament, the tax will be payed by internet companies operating with a budget of EUR 750 million or higher.
A further condition is that these companies’ annual turnover in the Czech Republic is at least as high as CZK 100 mln (EUR 3.76 mln), Czech Radio said on June 10.
The Action of Dissatisfied Citizens (ANO 2011) is a centrist populist party that is part of the liberal ALDE grouping in the European Parliament. It was founded by Andrej Babiš, the current Prime Minister. Its junior coalition partner is the the Czech Social Democratic Party (ČSSD).
ADVERTISEMENT
MNB Sees Broadening Disinflationary Impact Till Year-end
Pensioners to Get Inflation Top-up
Revolutionary Rail Freight Transport Tech Presented in Budap...
Budapest Muni Council Clears Rác Baths Renovation
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
